Transfers

CACHED

ASG Equities signs $33M refi with Bank of America for four FiDi properties

The Gindi family’s ASG Equities through the entity 10-12 Cortlandt Blue LLC as borrower signed a refi loan with lender Bank of America valued at $33 million for four properties including the retail building (K4) at 10-12 Cortlandt Street in Financial District, Manhattan, mixed-use building (K2) at 177 Broadway in Financial District, Manhattan, and mixed-use building (K2) at 175 Broadway in Financial District, Manhattan. The…

Stahl Org. signs $750M refi loan with Deutsche Bank for office in Midtown East

Stahl Organization through the entity 277 Park Avenue, LLC as borrower signed a refi loan with lender Deutsche Bank through the entity German American Capital Corporation valued at $750 million for the office building at 277 Park Avenue in Midtown East, Manhattan. The property is divided into 49 commercial condominium units. The deal closed on August 6, 2024 and was recorded on August 19, 2024….

GPG Properties pays $6.8M to Bernard Gans for 36-unit rental in Brooklyn Heights

GPG Properties through the entity GPG Pierrepont, LLC paid $6.8 million to Bernard Gans through the entity Pierrepont I LLC for the 36-unit residential elevator building (D1) at 75 Pierrepont Street in Brooklyn Heights, Brooklyn. The expected use is cash flowing. The deal closed on August 15, 2024 and was recorded on August 19, 2024. The property has 25,818 square feet of built space according…

Elad Group pays $72.2M to Walter & Samuels for office in NoMad

Elad Group through the entity 419 Pas LLC paid $72.2 million to Walter & Samuels and Lawrence N. Friedland through the entity 419 Park Avenue South Associates LLC for the office building (O4) at 419 Park Avenue South in NoMad, Manhattan. The expected use is conversion. The deal closed on August 8, 2024 and was recorded on August 19, 2024. The property has 160,114 square…

Dermot Company pays $370M to DTH Capital for FiDi rental

Dermot Company through the entity 20 Exchange Place Owner, LLC paid $370 million to DTH Capital, a joint venture of Eastbridge Group, and AG Real Estate through the entity Rbnb 20 Owner LLC, for the 767-unit 20 Exchange Place in the Financial District, Manhattan. The expected use is cash flowing. The deal closed on July 31, 2024 and was recorded on August 19, 2024. The…

Ashkenazy signs $38.6M loan modification for retail in Little Neck

Ashkenazy Acquisition through the entity Douglaston Shopping Center Owner LLC as borrower signed a loan modification with lender Mesa West Capital through the entity Mwclf Rs Spe, LLC valued at $38.6 million for the retail building (K6) at 242-02 61st Avenue in Little Neck, Queens. The deal closed on August 7, 2024 and was recorded on August 16, 2024. The prior lender was Mesa West…

Manufacturer Alen Mamrout buys $200M note at Savanna’s 1375 Broadway, will own building: Sources

Alen Mamrout, who leads the fashion manufacturing and licensing company American Exchange Group, through the entity 1375 Owner LLC bought a note with an original principal of $200 million from investors led by Aareal Capital and secured by Savanna’s office building (O4) at 1375 Broadway in the Garment District, Manhattan, city records show. The note sale is part of a large recapitalization that will result…

Albert Dayan pays $2.6M for mixed-use in Park Slope

Albert Dayan through the entity 323 5th Aretz LLC paid $2.6 million to Allen Goldschein through the entity 323 Fifth Owners LLC for the two-unit mixed-use building (S2) at 323 Fifth Avenue in Park Slope, Brooklyn. The expected use is cash flowing. The deal closed on July 11, 2024 and was recorded on August 16, 2024. The property has 2,851 square feet of built space…

Fabio Camardi pays $3.5M for former dog shelter in Williamsburg

Fabio Camardi through the entity Caca LLC paid $3.5 million to the entity 86 North First Street Realty Corp. for the commercial building (I9) at 86 North 1st Street in Williamsburg, Brooklyn. The deal closed on July 29, 2024 and was recorded on August 16, 2024. The property has 2,700 square feet of built space and 5,398 square feet of additional air rights for a…

Leon Sakkal pays $4.3M for two retail properties in Flatlands

Leon Sakkal through the entity 5201 Avenue N LLC paid $4.3 million to Albert Capone through the entity Cll Holding Corp. for the retail building (K1) at 5201 Avenue N and the retail building (K1) at 5209 Avenue N in Flatlands, Brooklyn. The expected use is cash flowing. The deal closed on August 15, 2024 and was recorded on August 16, 2024. The two properties…

Greenwich Village mixed-use sells for $5.3M

Thomas Martignetti through the entity Cam Kenmar West Village LLC paid $5.3 million to the entity 473 Associates LLC in care of R.A. Cohen & Associates for the two-unit mixed-use building (S2) at 473 Sixth Avenue in Greenwich Village, Manhattan. The expected use is cash flowing. The deal closed on August 1, 2024 and was recorded on August 16, 2024. The property has 3,902 square…

Thor loses two-story SoHo retail to lender in $8M foreclosure auction

The bondholders of the securitized trust Series 2013-C7 through special servicer Midland Loan Services acquired through a judicial foreclosure the retail building (K2) at 440 Broadway in SoHo, Manhattan. The expected use is cash flowing. The former owner was Thor Equities, led by Joseph Sitt. The auction price was $8 million. Thor Equities bought the property for $12 million in January 2008 and borrowed $13.25…

Yeshivah of Flatbush in contract to pay $5.65M for approximately 100-year-old synagogue

An expanding modern Jewish school in Midwood with a significant population from the Brooklyn Syrian community is in contract to pay $5.65 million to an Orthodox synagogue with a declining attendance in the neighborhood. The Yeshivah of Flatbush, which owns most of the buildings on the northern portion of the city block, expects to close on the purchase of 1012 Avenue I, at the corner…

Citibank files $180M pre-foreclosure at RFR’s 475 Fifth Avenue

Citibank filed a $180 million pre-foreclosure action alleging a loan it provided to RFR Holding in 2022 to purchase an interest in 475 Fifth Avenue in Grand Central, Manhattan, was in a maturity default. The loan matured on June 9, 2024, according to the complaint, and was not repaid. Case LINK Court filings represent the position of one party and are not necessarily accurate or…

Madison Realty files $81.5M pre-foreclosure at Empire Management hotel in NoMad

Madison Realty Capital filed an $81.5 million pre-foreclosure in New York State Supreme Court in Manhattan yesterday alleging several loans Santander Bank gave to Fred Ohebshalom’s Empire Management and secured by 250 Fifth Avenue in NoMad, Manhattan, were in default. Madison Realty Capital, which bought the loans in March 2024 under the name 250 Fifth Ave Lender 1 LLC, alleges the loan matured on January…

Maverick buys $7.2M note secured by highly litigated Lincoln Square townhouse

Maverick Real Estate Partners through the entity CPW Townhouse LLC bought a note with an original principal of $7.2 million from Axos Bank secured by Russell Abrams and Sandra Piedrabuena Abrams’s townhouse at 45 West 70th Street in Lincoln Square, Manhattan. There are several active lawsuits related to this property. The deal closed on August 5, 2024 and was recorded on August 15, 2024. The…

Mark Schirripa signs $5.4M refi with Hirshmark for new 20-unit building in Brighton Beach

Mark Schirripa and John Schirripa through the entity Brighton 5th Development LLC as borrower signed a refi loan with lender Hirshmark Capital through the entity Brighton 5 Funding LLC valued at $5.4 million for the 20-unit residential elevator building (D1) at 2929 Brighton 5th Street in Brighton Beach, Brooklyn. On the tax lot, the most recent condominium plan was filed by Brighton 5th Development LLC…

Rivky Brach signs $31M construction loan with BridgeCity for 123-unit development in Norwood

Rivky Brach through the entity 3547 Webster Tower LLC as borrower signed a new construction loan with lender BridgeCity Capital through the entity BCC 3547 Webster LLC valued at $31 million for two properties including the specialty building (I3) at 3547 Webster Avenue in Norwood, Bronx and industrial building (G2) at 3551 Webster Avenue in Norwood, Bronx. On these lots, there are is an active…

Silverstein signs $245M refi with Goldman for 921-unit rental in Hell’s Kitchen, up from $235M

Silverstein Properties through the entity River Place I Holdings LLC as borrower signed a refi loan with lender Goldman Sachs through the entity Goldman Sachs Bank USA valued at $245 million for the 921-unit residential elevator building (D8) at 1 River Place in Hell’s Kitchen, Manhattan. The deal closed on August 1, 2024 and was recorded on August 15, 2024. The prior lender was Greystone…

Anonymous buyer pays $10.5M for 35-unit condo dev site in Chelsea

An anonymous Williamsburg-based buyer through the entity 246 West 18th Street Land LLC paid $10.5 million following a bankruptcy filed by Joseph Nabavi through the entity 246-18 Realty LLC, for the 35-unit condominium project development site at 246 West 18th Street in Chelsea, Manhattan. The expected use is ground up development. The building that currently stands on the parcel is expected to be demolished and…